Greggs plc (LON:GRG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Greggs plc (LON:GRG) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 1,824.29.

GRG has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,610 target price on shares of Greggs in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 1,330 price objective on shares of Greggs in a report on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating and set a GBX 2,200 target price on shares of Greggs in a report on Monday, May 11th. Shore Capital Group reiterated a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,090 price target on shares of Greggs in a report on Thursday, May 14th.

Greggs Stock Performance

Shares of LON:GRG traded up GBX 6.17 on Friday, hitting GBX 1,547.17. 358,609 shares of the company were exchanged, compared to its average volume of 4,595,343. Greggs has a 1-year low of GBX 1,407.20 and a 1-year high of GBX 1,856. The stock’s 50 day moving average price is GBX 1,635.39 and its 200 day moving average price is GBX 1,627.18. The company has a current ratio of 0.56, a quick ratio of 0.88 and a debt-to-equity ratio of 75.94. The firm has a market capitalization of £1.58 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 3.39 and a beta of 1.15.

Insider Activity

In other Greggs news, insider Richard Smothers bought 1,615 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of GBX 17 per share, for a total transaction of £274.55. 0.62% of the stock is currently owned by company insiders.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,700 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.